New Orleans The Federal Reserve report on the continued decrease in lending to African-American and Hispanic families is unambiguous. In 2013, 4.8% of total home loans were to African-Americans, 7.3% were to Hispanics. In 2012, the numbers were only marginally better at 5.1% and 7.2% respectively. As recently as 2006, before the real estate meltdown …
Category: Foreclosure
Are Peoples’ Services a Prelude to Peoples’ Empowerment for the Poor?
Managua The Organizer’s Forum in Nicaragua will start with a bang on its first full day with a meeting with the head of the informal workers’ union followed by a visit with a representative of the Nicaraguan cooperative movement. Waking up early it was still sprinkling after more than a dozen hours of intermittently hard …
Bank of America Record Settlement with Remorse
Missoula Accurate reports seem to indicate that the Justice Department is in the final drafting of a record setting, highest corporate penalty ever paid with Bank of America for mortgage related abuses. The price tag is going to be slightly north of $16 billion with $9 billion going to the government by way of a …